I appreciate you for providing us in-depth details on your concern, j12obrien.
It seems like you are paying business expenses using your personal funds in your account. In QuickBooks Online (QBO), we can create a journal entry to record the purchase equipment transaction.
Here's how:
- Click the New Plus icon.
- Select Journal entry under Other.
- Choose the expense account for the purchase on the first line.
- Enter the purchase amount in the Debits column.
- Select Partner's equity or Owner's equity on the second line.
- Enter the same purchase amount in the Credits column.
- Tap Save and close.
Then, proceed to Step 2 in this article to process reimbursement: Pay for business expenses with personal funds.
For more details on how to handle business and personal funds, check out this article: Mixing business and personal funds.
I've got a link that provides you with articles about managing your Chart of Accounts: https://quickbooks.intuit.com/learn-support/en-us/advanced-accounting/chart-of-accounts/08?product=Q....
Fill me in if you need a hand with reconciling your bank accounts or any QBO related. I'll be here to help. Have a great day ahead.
